Refer to the graphs shown. Which graph shows the impact of improved technologyr in this market combined with an increase in the number of consumers: H 81 I s s 8* .1 ._ m m In on (3) Quantity (b) Quantity 1% 82 g 5| a ._ 5' 5 an n1' n2 4 m D2 {0] Quantity (cl) Quantity Question 4 The price of hot dogs has recently risen. What do you predict will happen in the market for hot dog buns as a result? 0 There will be no effect on the market for hot dog buns. since the change was in the market for hot dogs. 0 We cannot say for sure, we don't have enough information. 0 The demand for hot dog buns will decrease, leading to a lower price and lower quantity in the market. 0 The supply of hot dog buns will decrease. leading to higher price and lower quanh'ly in the market. Take a look at the table below that details both the demand and supply schedules forjeans. Market Data 520 250 50 $40 200 100 $50 150 150 $30 100 200 $100 so 250 Based on what you know about market equilibrium, what do you predict the market price of jeans will he? 0 $40 0 $60 0 $100 0 We don't have enough information to say. Question 6 Take a look at the table below that details both the demand and supply schedules for jeans. Market Data Price Quantity Quantity Supplied Demanded $20 250 50 $40 200 100 $60 150 150 $80 100 200 $100 50 250 If the current market price is $40, based on the information in the table, what can you predict will happen to the price over time? O The market price will increase since there is an excess demand for jeans at the current price. O The market price will increase since there is an excess supply of jeans at the current price. O The market price will fall since there is an excess demand for jeans at the current price. O The market price will fall since there is an excess supply of jeans at the current price.Question 7 An increase in price and an unknown change in quantity are consistent with a: O decrease in demand and supply. O increase in supply and demand. O increase in supply, keeping demand constant. O increase in demand, and a decrease in supply